Senior Recovery Specialist

5 days ago

Chennai, Tamil Nadu, India beBeeRecovery Full time ₹ 20,00,000 - ₹ 40,00,000
Stressed Assets Manager Job Description

At the heart of our business lies a crucial role that demands expertise, strategy, and exceptional negotiation skills. The Stressed Assets Manager plays a pivotal part in managing non-performing and stressed accounts by developing recovery plans and executing strategic actions.

The ideal candidate will be well-versed in legal frameworks for recovery, including IBC, NCLT, SARFAESI, and DRT. With a strong background in financial analysis and management, they will be adept at assessing financial viability and crafting effective recovery strategies.

Key Responsibilities:
  • Account Management & Resolution Strategy:
    • Develop and execute resolution plans for stressed accounts through discussion, negotiations, and enforcement actions.
    • Assess financial viability of borrowers and structure recovery plans accordingly.
  • Legal Proceedings & Documentation:
    • Collaborate with legal counsel to initiate and monitor recovery proceedings.
    • Draft and review legal notices, settlement documents, and affidavits for recovery cases.
  • Stakeholder Management:
    • Liaise with internal stakeholders (credit, legal, risk, finance) for a coordinated recovery approach.
    • Maintain strong relationships with external legal firms, insolvency professionals, and other key stakeholders.
Required Skills and Qualifications:
  • Expertise in legal frameworks for recovery: IBC, NCLT, SARFAESI, DRT
  • Strong negotiation and conflict resolution skills
  • High emotional intelligence to handle sensitive and high-stake situations
  • Proficient in drafting legal documentation and recovery notices
  • Analytical thinking and ability to manage multiple high-pressure accounts
Benefits:
  • Opportunity to work with a dynamic team in a fast-paced environment
  • Chance to develop and implement innovative solutions for stressed asset recovery
  • Professional growth and development opportunities

Join us in this critical role and contribute to shaping the future of our business.

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